Real Estate Investing in Perry, Florida (32348)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32348 (Perry, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 26.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Perry, FL (32348)?
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Market Analysis: 32348 Perry
ZIP 32348 inside Taylor County looks affordable on the surface — median value of $182K — but the discount exists for reasons that a careful buyer should understand before committing.
Put differently, the numbers look inviting — $182K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32348 is substantial and deserves full respect.
Statewide comparisons place 32348 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 32348 includes headwinds that any investor should price in. Income distribution skews lower than Perry averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 32348 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Perry:
Property Strategy for 32348
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $163,173 | $1,090 | 4.8% | +9.1% | $81,586 |
| 3BR | $203,067 | $1,440 | 5.1% | +8.8% | $67,689 |
| 4BR | $273,765 | $1,510 | 4.0% | +8.7% | $68,441 |
Market Trends
Home Value History (with trend line)
📊 How Does 32348 Compare?
| Metric | 32348 | Perry | Florida |
|---|---|---|---|
| Home Value | $181,940 | $197,416 | $374,697 |
| 5-Year CAGR | 4.6% | 5.1% | 7.4% |
| Avg Rent | $981 | $927 | - |
| Cap Rate | 4.2% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32348 (Perry, FL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $181,940 |
| Monthly Rent | $981 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32348
Population: 12,498
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What do rentals go for in Perry, FL?
Rental rates in Perry, FL average $981/mo. Tenant demand and $182K home values make the yield look reasonable by investor standards.
How do experienced investors play Perry, FL?
The best-fit strategy in Perry, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What kind of market is Perry, FL for investors?
Our data puts Perry, FL at 3.0/5 for investability. Home prices of $182K and rents around $981/mo create a solid backdrop for investor activity.
What are vacancy rates like in Perry, FL?
Perry, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
Can I live-in-and-rent in Perry, FL?
House hacking in Perry, FL is a challenging. With home values around $182K and rents at $981/mo, owner-occupants can offset a meaningful share of PITI.
You know 32348 now. You don’t know where it ranks.
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